A savvy entrepreneur will not always look for investment money, first.
Sentiment: POSITIVE
Nothing turns off an investor more than when an entrepreneur comes in with a ridiculous valuation.
A wise person does not undertake any business with the risk of losing the capital money in search of making a profit.
Our experience is that most entrepreneurs are able to attract debt, even for risky and early stage investments. There are investors who provide debt, but very few who fund through equity.
Sometimes your best investments are the ones you don't make.
My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.
One misconception is that entrepreneurs love risk. Actually, we all want things to go as we expect. What you need is a blind optimism and a tolerance for uncertainty.
Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.
Money does not guarantee success.
To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
In any investment, you expect to have fun and make money.